XRP
XRP Consolidates Near $1.49 Amid 1 Billion Token Unlock and Nasdaq Listing Plan
XRP trades in a contracting price range as a massive token release coincides with an institutional treasury initiative.
XRP traded near $1.4916 within a narrowing technical structure, holding above rising support between $1.45 and $1.47 after retreating from a local peak of $1.665. The asset's relative strength index (RSI) stood at 46.02, reflecting neutral momentum as price action remains bounded by overhead resistance near $1.54 to $1.55.
The market faces fresh supply following the scheduled unlock of one billion XRP released in four separate tranches of 400 million, 300 million, 300 million, and 100 million tokens. The impact of the release depends on how much of the unlocked supply is transferred to exchanges.
On the demand side, Evernorth announced plans to list XRP on the Nasdaq exchange, establishing a corporate treasury holding approximately 566 million XRP backed by more than $1.1 billion in committed capital.
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More on XRP All pieces →
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- Neutral Evernorth Shareholders Approve Merger to List XRP Treasury on Nasdaq
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